Boring. Well, not for active traders, for those the market has always motives of interest, which sometimes is a fatal characteristic as it opens the door for unexperienced investors to chase deals just for the trill. But for more passive traders Wall Street is just grinding higher as it waits for the 4th of July holiday and then the non-farm payrolls.
The bias is bullish as it has been mostly during the current Bull market, but the conviction is absent, which doesn’t stop new highs in the S&P500 to occur, however let’s not forget this is traditionally a low volume season, which usually favours a spike in volatility, so don’t lower your carefulness.
Photo by Goh Rhy Yan.
